Element List |
Explanation |
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is |
The reason of the decrease in the net profit during the current quarter compared to the same quarter of the last year is due to no gain was realized in the partial sale of equity-accounted investee, in which the company realized a gain in the partial sale of its stake in Four seasons Holdings during the first quarter of the year 2022. However, should that gain be excluded; the company achieved an increase in the net profit during the current quarter compared to the same quarter of last year, whereas the company achieved an increase in dividend income, decrease in zakat expense, increase in share of results from equity-accounted investees, increase in hotels and other operating revenues. Despite the increase in financial charges, increase in hotels and other operating costs, decrease in income from gain on investments at FVTPL, decrease in finance income, increase in withholding and income tax and decrease in other gains, in addition to increase in general, administrative and marketing expenses. |
The reason of the increase (decrease) in the net profit during the current quarter compared to the previous quarter of the current year is |
The reason of the decrease in the net profit during the current quarter compared to the previous quarter is due to decrease in share of results from equity-accounted investees, decrease in hotels and other operating revenues, decrease in finance income, increase in financial charges, increase in general, administrative and marketing expenses and increase in withholding and Income tax. Despite the increase in dividend income, decrease in impairment of financial assets, increase in other gains, decrease in hotels and other operating costs, and decrease in zakat expense. |
Statement of the type of external auditor's report |
Unmodified conclusion |
Reclassification of Comparison Items |
N/A |
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